ROGTEC Talks to: Prem Ballabh Pandey, CEO of Imperial Energy
Mr Pandey, you have been the regional CEO for Imperial Energy for the last 6 months. Please explain to our readers what your objectives have been during this period, and what your focus is for 2013? Basically my objectives have been to find new ways and technologies to improve productivity …
Alliance Oil Acquires LLC “SN-Gazdobycha” and Expands Operations in Tomsk Region
Alliance Oil Company has signed an agreement to acquire 100% of the shares in LLC “SN-Gazdobycha” for 128 MUSD, which primarily will be funded from existing cash and from debt facilities. SNGD holds two gas licenses covering an area of about 1,323 square kilometers located approximately 55 kilometers west of …
Petroneft Resources Disappointed with Lineynoye Pad 2 Frac Results but Cheremshanskoye Tests Positive
PetroNeft Resources plc, the owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce an update on its operations. Highlights: • Year end production reached approximately 3,000 bopd; current production steady at 2,300 bopd o Lineynoye Pad 1 responded to pressure maintenance o Lineynoye …
Alliance Oil increases production by 38%
Alliance Oil Company’s total upstream volumes for 2011 increased by 12% to 17.9 mbbl (49,100 bopd) from 16.0 mbbl (43,800 bopd) in 2010. The full year development and exploration program resulted in 56 new wells. The preliminary refining volumes in 2011 increased by 13% to 26.9 mbbl (73,700 bopd) from 23.7 mbbl (64,900 bopd). …
International Petroleum Completes VostokNeftegaz Purchase
International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to update the market on the completion of an acquisition and the revision of the terms of a disposal. Acquisition of the Druzhny Project – Western Siberia, Russia On 4 November 2011, the …
PetroNeft Resources plc Preliminary Results for the Year Ended 31 December 2010
PetroNeft Resources plc owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to report its preliminary results for the year ended 31 December 2010. Operational Highlights • Year-round production commenced on schedule in Q3 2010 • Group 2P reserves increase 37% to 96.9 mmbbls • …